Monthly report

Overall balances for May to June 2019 was a deficit as total expenditure, caused by a rise in recurrent expenditure was higher than revenue received during the months. However, the overall balance of July 2019 was a surplus with the increase in tax revenue mainly from Business and Property Tax and Grants received during that month although it returned to a deficit again in the month of August 2019.

Budget 2019
Budget 2019 aims to begin efforts of the new government to provide the services to the people as promised in the manifesto. In this regard, this budget paves the way to reach “Jazeera Dhiriulhun” by solving the economic and social constraints faced in islands. Further, to achieve “Noo Iguthisaadu”, this budget would give additional support to enhance the benefits from economic activities in Maldives. As such the government shall continue its investments in infrastructure projects. In addition, the budget has prioritized enhancing quality of services given to the public.